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VL E-Governance & IT Overview

VL E-Governance & IT Solutions Limited is a technology company that specializes in e-governance services, IT and ITES system integration, B2B trading, and IT and ITES equipment trading. The company is a subsidiary of Vakrangee Limited, a leading provider of last-mile connectivity and digital services in India. The company was incorporated in 2016 and is listed on the stock exchanges of India. The company’s vision is to deliver informed and convenient services to a billion lives connected by its technology, partnerships and human touch. T...Read More

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VL E-Governance & IT Key Financials

Market Cap ₹161 Cr.

Stock P/E -0.1

P/B -3.3

Current Price ₹15.2

Book Value ₹ -4.6

Face Value 10

52W High ₹65

Dividend Yield 0%

52W Low ₹ 8.5

VL E-Governance & IT Share Price

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Volume
Price

VL E-Governance & IT Quarterly Price

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VL E-Governance & IT Peer Comparison

VL E-Governance & IT Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 22 0 0 3 8 15 5 8 3 4
Other Income 0 0 0 0 0 1 1 0 0 0
Total Income 22 0 0 3 8 16 6 9 3 5
Total Expenditure 23 1 1 2 7 15 7 8 4 5
Operating Profit -1 -1 -1 1 1 1 -1 1 -0 -1
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 -162 0 0 0 -2518 0 0 0
Profit Before Tax -1 -1 -163 1 1 1 -2519 1 -1 -1
Provision for Tax 0 0 0 0 0 0 0 0 0 0
Profit After Tax -1 -1 -163 1 1 1 -2519 1 -1 -1
Adjustments 0 0 0 0 0 0 0 0 -0 0
Profit After Adjustments -1 -1 -163 1 1 1 -2519 1 -1 -1
Adjusted Earnings Per Share -0.1 -0.1 -15.4 0.1 0.1 0.1 -232.3 0.1 -0 -0.1

VL E-Governance & IT Profit & Loss

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 0 585 730 22 31 20
Other Income 0 1 3 1 2 1
Total Income 0 585 732 23 32 23
Total Expenditure 0 448 724 30 31 24
Operating Profit 0 137 8 -8 1 -1
Interest 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 -162 -2518 -2518
Profit Before Tax -0 137 8 -170 -2517 -2520
Provision for Tax -0 34 2 0 0 0
Profit After Tax -0 103 6 -170 -2517 -2520
Adjustments 0 0 0 0 0 0
Profit After Adjustments -0 103 6 -170 -2517 -2520
Adjusted Earnings Per Share -0 9.7 0.6 -16 -232.1 -232.3

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 41% -62% 0% 0%
Operating Profit CAGR 0% -81% 0% 0%
PAT CAGR 0% NAN% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -66% NA% NA% NA%
ROE Average -210% -72% -42% -42%
ROCE Average -198% -68% -39% -39%

VL E-Governance & IT Balance Sheet

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 9 2612 2618 2448 46
Minority's Interest 0 0 0 0 0
Borrowings 0 0 0 0 0
Other Non-Current Liabilities -0 -0 -0 -0 0
Total Current Liabilities 0 39 81 69 3
Total Liabilities 9 2652 2699 2517 48
Fixed Assets 0 0 0 0 2
Other Non-Current Assets 0 27 30 30 0
Total Current Assets 9 2625 2669 2487 46
Total Assets 9 2652 2699 2517 48

VL E-Governance & IT Cash Flow

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 0 0 0
Cash Flow from Operating Activities -0 26 -56 2 -59
Cash Flow from Investing Activities 0 -27 3 0 -2
Cash Flow from Financing Activities 0 0 54 -3 63
Net Cash Inflow / Outflow 0 -0 -0 0 2
Closing Cash & Cash Equivalent 0 0 0 0 2

VL E-Governance & IT Ratios

# Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -0 9.68 0.56 -16.04 -232.09
CEPS(Rs) 0.02 9.68 0.56 -16.04 -232.09
DPS(Rs) 0 0 0 0 0
Book NAV/Share(Rs) 7.55 246.58 247.13 231.09 -4.6
Core EBITDA Margin(%) 0 23.32 0.73 -38.37 -0.84
EBIT Margin(%) 0 23.41 1.11 -772.03 -8201.78
Pre Tax Margin(%) 0 23.41 1.11 -772.03 -8201.78
PAT Margin (%) 0 17.53 0.81 -772.03 -8201.85
Cash Profit Margin (%) 0 17.53 0.81 -772.03 -8201.72
ROA(%) -0.02 7.71 0.22 -6.52 -196.21
ROE(%) -0.02 7.82 0.23 -6.71 -209.88
ROCE(%) -0.05 10.45 0.31 -6.57 -197.78
Receivable days 0 569.87 517.57 0 0
Inventory Days 0 0 0 0 0
Payable days 0 0 6.92 330.55 108.27
PER(x) 0 0 0 0 0
Price/Book(x) 0 0 0 0.22 -7.64
Dividend Yield(%) 0 0 0 0 0
EV/Net Sales(x) 0 0.18 0.22 26.98 10.93
EV/Core EBITDA(x) 654.9 0.77 19.63 -77.84 232.9
Net Sales Growth(%) 0 0 24.73 -96.98 39.42
EBIT Growth(%) 0 0 -94.06 -2190.02 -1381.19
PAT Growth(%) 0 0 -94.26 -2986.96 -1381.2
EPS Growth(%) 0 0 -94.26 -2986.74 -1347.05
Debt/Equity(x) 0 0 0.02 0.02 0
Current Ratio(x) 455.53 66.81 33.13 36.19 16.66
Quick Ratio(x) 455.53 66.81 33.13 36.19 16.66
Interest Cover(x) 0 0 0 0 0
Total Debt/Mcap(x) 0 0 0 0.09 0

VL E-Governance & IT Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 37.88 33.16 33.16 23.79 23.79 23.24 23.24 23.24 23.24 23.24
FII 1.8 1.94 1.86 3.04 3.24 2.14 2.29 2.17 1.47 1.37
DII 6.32 6.32 6.32 6.32 6.32 6.17 6.17 6.17 6.15 6.14
Public 54 58.58 58.66 66.86 66.65 68.45 68.3 68.42 69.14 69.25
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

VL E-Governance & IT News

VL E-Governance & IT Pros & Cons

Pros

  • Stock is trading at -3.3 times its book value
  • Debtor days have improved from 330.55 to 108.27days.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 23.24%.
  • Company has a low return on equity of -72% over the last 3 years.
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